Escrow Assistant Training Programs and Requirements

Escrow agencies generally hire escrow assistants with at least one year of relevant experience and knowledge of the real estate industry. Certificate programs are available, which teach students about the real estate processes.

Essential Information

Escrow assistants are required to have a high school diploma or GED certificate. Although high school may be the only educational requirement set by an employer, a formal real estate training program can give escrow assistants an advantage over those without post-secondary training. Escrow assistants work on all stages of real estate financial transactions. They should be organized and able to handle multiple administrative tasks. Escrow assistants need excellent customer service and communication skills in order to work with real estate clients and financial officers. Most escrow agencies require assistants to have experience with Microsoft Office and basic data entry. Knowledge of real estate processes and regulation is often preferred by employers.

  • Program Levels in Escrow Assisting: Certificate programs, associate's degrees
  • Program Length: 1-2 semesters for certificate programs, 2 years for associate's degrees
  • Prerequisites: High school diploma or equivalent
  • Other Requirements: Good customer service skills

Real Estate Certificate

Real estate certificate programs introduce students to basic real estate processes, including appraisals, real estate sales, financial investing and economic analysis. Students learn the roles played by banks, real estate agencies and clients. Certificate programs typically require one or two semesters of study and include courses on:

  • Real estate law
  • Real estate practices
  • Residential and commercial building appraisals
  • Economic and housing trends
  • Financial processes in real estate
  • Real estate market analysis

Associate of Science in Real Estate Studies

An associate's degree program in real estate provides students with a more comprehensive real estate and economic education. In addition to specialized real estate courses, students take courses on finance, investing, macroeconomics, microeconomics and business operation. These 2-year programs commonly offer courses in:

  • Real estate economics
  • Real estate foreclosures
  • Investing concepts
  • Affordable housing laws
  • Strategic management of real estate
  • Real estate appraisal theory

Employment Outlook and Salary Information

Real estate agents as of May 2014 make a mean annual wage of $55,530, according to the BLS. This profession from 2012-2022 is expected to see an 11% growth, which is as fast as the average.

Continuing Education

Although escrow officers are typically required to be licensed, escrow assistants are not required to be licensed or certified. Since they only provide basic assistance to escrow officers, they are not held to the same professional licensing standards.

Escrow workshops may be available from colleges that offer real estate degree programs. Because most employers require escrow assistants to have an existing knowledge of escrow and real estate practices, workshops are not typically held by employers. The American Escrow Association (AEA) offers online seminars for escrow assistants, officers, real estate agents and financial professionals. Online seminars are offered at various dates throughout the year and address economic trends within real estate and escrow services. The AEA offers valuable professional development resources for escrow professionals, including best practices, annual conferences, current escrow legislation and consumer relations information. Membership to AEA includes additional career and continuing education benefits.

To advance in the field, many escrow assistants with sufficient experience become escrow officers. Escrow officers have greater responsibilities and earn greater salaries. Supervisory or management positions within escrow agencies are also available for escrow professionals with extensive experience.

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